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India Witnesses Renewed Spurt in Oil and Gas Exploration

The Business Guardian

|

July 30, 2025

Puri stated that opening of nearly one million square kilometers of erstwhile 'No-Go' offshore areas in 2022.

- AGENCIES

India is witnessing a renewed surge in oil and gas exploration, particularly in offshore regions, underscoring the country's vast untapped hydrocarbon potential, Petroleum Minister Hardeep Singh Puri told the Parliament on Tuesday.

Puri in Rajya Sabha stated that the opening of nearly one million square kilometers of erstwhile 'No-Go' offshore areas in 2022 has been a landmark development. This move has unlocked significant exploration frontiers, especially in deepwater and frontier regions such as the Andaman-Nicobar (AN) offshore basin, and has been instrumental in triggering the current momentum in offshore activity, the Minister stated, according to the Ministry of Petroleum & Natural Gas.

Since 2015, Exploration and Production (E&P) companies operating in India have reported 172 hydrocarbon discoveries, including 62 in offshore areas, he said.

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REPUBLIC DAY - LET'S UNDERSTAND OUR SOLEMN DUTY

On 26 January, Bharat is joyfully celebrating the 77th year of its Republic.

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NATIONAL VOTERS’ DAY : MY INDIA MY VOTE

India observes National Voters’ Day on January 25 each year.

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India's commercial vehicle sector enters early upcycle: Nomura

India's commercial vehicle industry is entering the early stages of a cyclical recovery, driven by improving fundamentals and supportive structural factors, according to a recent research report by Nomura.

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“Govt should reconsider collegium system”: Advocate KK Manan on Justice Ujjal Bhuyan’s remarks

Advocate KK Manan dismissed Supreme Court judge Justice Ujjal Bhuyan’s reported remarks on the interference of the executive in the collegium system over the transfer of Justice Sreedharan but highlighted the “incompetence” of the collegium system, and demanded government reconsider it.

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Vedanta Advances Education, Healthcare and Opportunity for 5 Lakh Girls

Marking National Girl Child Day and International Education Day, Vedanta today reaffirmed its long-term commitment to advancing girls’ education, health and empowerment, having positively impacted over five lakh girls across its operational regions in India so far in FY26.

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1 min

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Buoyant revenues allow steady capex amid fiscal consolidation

Buoyant revenue streams give the government room to keep capital expenditure spending steady, at about 3.1 per cent of GDP, while continuing on the path of fiscal consolidation, according to a pre-Budget report by ICICI Bank Global Markets.

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Bullion likely to stay strong next week: Analysts

Gold and silver prices are expected to stay firm next week as traders brace for the US Supreme Court's hearing on trade tariffs and the Federal Reserve's upcoming interest rate decision, analysts said.

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Delhi air quality improves to 150 after rain, AQI in “moderate” category

The deteriorating air quality of Delhi witnessed a significant improvement after the winter rain showered the capital city, with the Air Quality Index (AQI) recorded at 150, in the “moderate” category at 8 am on Sunday, according to the Central Pollution Control Board (CPCB).

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“THIS FORCE OF TVK WILL WIN EVEN IF NO FRIENDSHIP FORCE (ALLIANCE) IS WITH US”: TVK VIJAY

Tamilaga Vettri Kazhagam (TVK) president Vijay on Sunday accused his rival parties, All India Anna Dravida Munnetra Kazhagam (AIADMK) and Dravida Munnetra Kazhagam (DMK), of “surrendering” to the BJP, respectively.

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"Shouldn't "Trump" be removed too?": Sanjay Raut questions Mangal Prabhat Lodha's stance on Trump Tower in Worli

Shiv Sena (UBT) MP Sanjay Raut on Sunday raised questions about Maharashtra Minister Mangal Prabhat Lodha’s stance on foreign names, who proudly built Lodha Trump Tower in Worli.

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2 mins

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